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February 21, 2024

Philadelphia Partner Michael Savett was recently featured in a Business Insurance article titled “Google settlement shines light on D&O, cyber cover.”

The article discusses the implications of a settlement reached by Google’s parent company, Alphabet Inc., regarding shareholder derivative lawsuits. This settlement sheds light on several key aspects of insurance coverage, including Directors and Officers (D&O) and cyber insurance. It highlights how the settlement underscores the importance of understanding the scope of coverage provided by these insurance policies in the context of shareholder litigation and cybersecurity incidents.

Michael stated that the proposed settlement highlights the importance of having sufficient coverage for D&O exposures related to disclosing and reporting data privacy breaches and cyberattacks.

Click here to read the full article.